SWEPCO Proposes Rate Change for Texas Customers

Southwestern Electric Power Company (SWEPCO), an American Electric Power (Nasdaq: AEP) company, has submitted a request to the Public Utility Commission of Texas (PUCT) for a net annual increase of $90.2 million in the company’s non-fuel base rates. On a total customer bill basis, the net increase is approximately 15.6%.

If approved, new rates would likely go into effect in the first billing cycle of January 2022.

For a Texas residential customer using 1,000 kilowatt-hours per month, the request would result in an overall bill increase of approximately $15.71 per month, or 15%.